Wall Street vet plays apologist in new big banks book

Outspoken financ♏ial anal𓆉yst Dick Bove is banking on, well, banks.

The industry pundit plays apologist for big financial institutions like JPMorgan, Bank of America and Citigroup in his deꦺbut book, “Guardians of Prosperity: Why America Needs Big Banks.”

Playing down the fact that these same institutions nearly toppled the world’s — not just the US’s — economy, veteran Wall St. expert Bove is nostalgic for simpler times in American history, when bankers 𝐆were revered.

While the analyst agrees with policies that would deem some banks t♛o be “too big to fail,” he characterizes ▨sprawling institutions like JPMorgan as the lifeblood of US prosperity in his 288-page tome, which hits bookshelves and Amazon Dec. 26, just missing out on being this year’s stocking stuffer.

Taking a🌳 decidedly ꧙shareholder perspective, Bove blames the press for much of the perception of banks as greedy fat cats willing to foreclose on blue-collar Americans at the drop of a hat.

At the same time, he seems to play down bankers’ role in the 2008 credit▨ crisis.

“The public has been misled into thinking that the way to guarantee the safety and soundness of our financial system𒈔 is by carving up and weakening the banks,” he wriꦆtes.